How to get a loan with a bad history? The number of people asking such a question is growing every day. Of course, some of them are most likely themselves to blame for the current situation due to the negligence of their debts. But it is not rare that the cause of a bad credit history is really difficult life situations, in which it is impossible to pay the next monthly payment on time. Banks, in turn, are tightening the conditions for their clients and another overdue payment, even for one day, turns the borrower into big problems. In such a situation, you will most likely have to face the worst conditions – an increased interest rate, long loan terms without the possibility of repayment in advance, and so on. So, it is best to correctly calculate your strength and pay off the loan on time, without delay, then the next time you apply to the bank you will be provided with the best conditions and you will receive money faster.
Do not despair immediately in a similar situation. First of all, you need to get your hands on a document with your history, for this you can contact the bank with which you worked or a special credit history bureau. Examine it well and at the time of applying for a new loan, indicate why you did not have time to cope with the terms of the contract. List each item that could adversely affect the story. These reasons may be of service to you and affect the positive decision of the bank.
What to do if CI is corrupted and banks are denied a loan?
The easiest and fastest way to get a loan with a bad history for today is to seek help from a micro-financial organization. Such companies can really help in a difficult situation. They do not have such strict requirements for borrowers and much less documents will be required for approval than in any bank. In addition, it is a good option not to spoil your story, if the next loan payment is appropriate, and the salary is delayed – you can take a microloan for several days and pay off the payment.
You can also try to contact the new, recently opened banks. They can offer not the worst conditions for customers with a damaged CI in order to attract more customers. In addition, you should not directly tell them about your bad history, because new organizations may not have information about you.